LPL Financial LLC Takes $479,000 Position in Northeast Community Bancorp, Inc. (NASDAQ:NECB)

LPL Financial LLC purchased a new stake in Northeast Community Bancorp, Inc. (NASDAQ:NECB - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 19,594 shares of the savings and loans company's stock, valued at approximately $479,000. LPL Financial LLC owned about 0.14% of Northeast Community Bancorp as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of NECB. State Street Corp lifted its holdings in shares of Northeast Community Bancorp by 10.4% during the third quarter. State Street Corp now owns 233,424 shares of the savings and loans company's stock worth $6,174,000 after purchasing an additional 21,973 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Northeast Community Bancorp by 16.5% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 166,113 shares of the savings and loans company's stock valued at $4,063,000 after buying an additional 23,524 shares during the last quarter. Quartz Partners LLC acquired a new stake in shares of Northeast Community Bancorp in the fourth quarter valued at about $2,205,000. Allspring Global Investments Holdings LLC raised its position in shares of Northeast Community Bancorp by 11.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 74,391 shares of the savings and loans company's stock worth $1,820,000 after acquiring an additional 7,412 shares during the last quarter. Finally, Empowered Funds LLC lifted its stake in shares of Northeast Community Bancorp by 5.0% in the fourth quarter. Empowered Funds LLC now owns 64,317 shares of the savings and loans company's stock worth $1,573,000 after acquiring an additional 3,075 shares during the period. Institutional investors and hedge funds own 53.25% of the company's stock.

Northeast Community Bancorp Trading Up 0.0 %

Northeast Community Bancorp stock traded up $0.01 during mid-day trading on Thursday, hitting $22.77. 1,660 shares of the stock were exchanged, compared to its average volume of 58,419. The stock has a market capitalization of $319.30 million, a price-to-earnings ratio of 6.36 and a beta of 0.42. Northeast Community Bancorp, Inc. has a 12 month low of $15.81 and a 12 month high of $31.72. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.02. The firm's fifty day simple moving average is $22.45 and its two-hundred day simple moving average is $25.12.

Northeast Community Bancorp (NASDAQ:NECB - Get Free Report) last announced its earnings results on Monday, April 21st. The savings and loans company reported $0.78 earnings per share for the quarter, topping analysts' consensus estimates of $0.77 by $0.01. The business had revenue of $25.26 million during the quarter, compared to the consensus estimate of $25.49 million. Northeast Community Bancorp had a net margin of 29.36% and a return on equity of 15.96%. Analysts forecast that Northeast Community Bancorp, Inc. will post 3.04 EPS for the current year.

Northeast Community Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 6th. Shareholders of record on Monday, April 7th will be issued a $0.20 dividend. This is an increase from Northeast Community Bancorp's previous quarterly dividend of $0.15. This represents a $0.80 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend is Monday, April 7th. Northeast Community Bancorp's payout ratio is presently 22.86%.

Northeast Community Bancorp Profile

Northeast Community Bancorp, Inc operates as the holding company for NorthEast Community Bank that provides financial services for individuals and businesses. It accepts various deposit instruments, including checking accounts, money market accounts, regular savings accounts, and non-interest bearing demand accounts, as well as certificates of deposits.